Zacks Investment Research downgraded shares of HUTCHINSON TECH (HTCH) from OUTPERFORM to NEUTRAL on April 02, 2013, with a target price of $3.40.
Hutchinson Technology Incorporated is an acknowledged world leader in precision manufacturing. Hutchinson Technology specialize in design and manufacture of close-tolerance products that require chemical, mechanical and electronic technologies. Its primary products, suspension assemblies, hold magnetic read-write heads at microscopic distances above the disks in rigid disk drives. The Company is strongly positioned as a provider of technology that our customers value for its ability to help them differentiate their products on performance and value attributes. .
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